13:05 - 24.10.2019

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October 24, Fineko/abc.az. Following the results of Q3 of 2019, Azerbaijan’s Xalq Bank managed to keep stable growth rate on its key financial indicators.

ABC.AZ informs that the relevant data is covered by Bank’s financial statements. In particular, by the end of September Bank's assets increased by AZN 169.19 million (8.43%) up to AZN 2.18 bn. According to XB’s report, the loans given by the Bank for the current period grew by AZN 192.17 million (13.9%) up to AZN 1.547 bn. Bank's deposit portfolio has also increased. Over Jan-Sept 2019 it increased by AZN 160.39 million (12.73%) up to AZN 1.419 bn.

The positive trend and the observed growth in the financial and economic activities of the Bank are the result of diversification of its income assets, attraction of new customers, growth of operating income and optimization of expenses.

By Elmir Murad